Tandy leather factory inc (TLF)
Balance Sheet / TTM
Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
CURRENT ASSETS:
Cash

12,679

24,070

16,814

18,955

19,252

18,337

12,179

14,841

16,407

16,862

11,448

9,839

11,444

10,962

7,243

10,867

9,928

10,636

4,866

7,402

8,949

11,082

6,289

7,572

7,164

7,705

3,520

3,816

6,431

10,765

5,991

4,897

4,293

Short term investments – US Treasuries

4,999

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

85

87

423

336

976

1,621

Accounts receivable-trade, net of allowance for doubtful accounts of $12,940 and $15,703 in 2019 and 2018, respectively

456

408

418

496

503

461

529

497

524

560

513

551

682

553

585

758

664

625

702

796

886

762

945

1,138

934

822

1,074

1,118

1,449

1,328

1,539

1,353

1,253

Inventory

30,564

33,867

40,720

38,020

36,771

37,311

41,148

37,327

34,382

33,177

37,122

36,304

33,632

33,584

35,058

32,810

30,407

32,875

39,365

36,001

30,532

26,300

29,492

27,498

25,358

25,862

29,694

29,749

24,092

19,940

20,551

20,260

20,236

Prepaid income taxes

272

383

452

233

0

41

947

455

474

964

1,237

765

188

549

868

623

-

336

463

468

-

-

6

-

-

-

544

-

-

-

4

56

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

359

350

328

-

342

312

302

371

419

369

327

309

340

341

305

349

427

392

314

281

293

287

307

Prepaid expenses

1,537

1,244

1,348

1,374

1,576

1,473

1,652

1,478

1,710

1,608

1,852

1,623

1,627

1,514

1,659

1,347

1,472

1,348

1,621

1,277

1,640

1,609

1,845

1,141

1,390

776

-

-

-

-

-

-

-

Other current assets

174

161

290

75

78

189

352

140

264

140

16

132

146

70

249

121

113

157

98

350

160

478

429

765

416

153

1,089

1,564

1,402

948

1,450

1,354

1,056

Total current assets

50,683

60,135

60,044

59,155

58,182

57,813

56,809

54,740

53,763

53,314

52,550

49,568

48,049

47,234

46,005

46,841

42,889

46,351

47,536

46,666

42,497

40,543

39,349

38,458

35,570

35,670

36,352

36,727

33,777

33,688

30,167

29,185

28,768

PROPERTY AND EQUIPMENT, at cost

27,863

28,005

27,950

27,551

27,403

27,218

27,062

26,585

26,156

25,536

25,394

24,764

24,548

23,992

23,242

23,042

22,724

22,199

21,808

21,156

20,869

20,290

19,042

18,598

18,425

17,574

16,228

15,360

15,123

14,999

14,955

14,476

14,390

Less accumulated depreciation and amortization

13,921

13,606

12,976

12,552

12,162

11,750

11,298

10,831

10,350

9,884

9,460

9,026

8,650

8,297

7,971

7,641

7,312

7,037

6,763

6,484

6,138

5,863

5,645

5,345

5,782

5,630

5,411

5,167

4,925

4,700

4,475

4,269

4,106

Property and equipment, net

13,942

14,399

14,974

14,999

15,241

15,467

15,763

15,754

15,805

15,651

15,933

15,738

15,897

15,695

15,271

15,401

15,411

15,162

15,045

14,672

14,730

14,427

13,397

13,252

12,643

11,944

10,816

10,192

10,197

10,299

10,480

10,207

10,284

OPERATING LEASE ASSETS

6,389

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

DEFERRED INCOME TAXES

-

-

281

269

265

271

447

404

376

375

-

-

-

370

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

GOODWILL

956

954

960

958

960

962

963

959

957

956

958

959

959

953

956

963

962

971

975

981

977

981

986

983

987

990

992

987

989

987

984

994

990

OTHER INTANGIBLES, net of accumulated amortization of approximately $714,000 and $713,000 in 2019 and 2018, respectively

15

16

17

18

18

19

19

19

20

20

21

22

23

27

34

35

46

58

69

80

91

103

114

125

137

145

154

165

176

187

198

210

-

OTHER INTANGIBLES, net of accumulated amortization of $539,000 and $495,000 in 2011 and 2010, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

232

OTHER assets

379

386

387

384

379

379

368

363

344

334

334

329

329

329

332

327

327

329

334

336

332

341

337

336

339

336

337

338

334

341

342

316

319

TOTAL ASSETS

72,367

75,891

76,665

75,785

75,047

74,914

74,371

72,243

71,268

70,652

69,798

66,618

65,259

64,611

62,600

63,569

59,637

62,873

63,961

62,738

58,629

56,398

54,185

53,155

49,678

49,087

48,653

48,410

45,475

45,502

42,172

40,914

40,595

CURRENT LIABILITIES:
Accounts payable-trade

897

1,215

1,441

1,223

1,419

1,413

2,569

1,484

2,424

1,621

1,981

1,393

1,920

1,983

2,498

1,679

1,742

1,255

1,942

2,055

2,728

1,884

2,299

2,882

1,775

1,612

2,552

3,018

2,347

1,622

1,844

1,498

1,247

Accrued expenses and other liabilities

3,752

4,939

4,512

3,863

3,875

4,953

4,613

4,471

4,219

5,937

6,528

4,979

4,573

6,045

6,396

6,661

4,297

5,394

5,940

6,697

5,230

5,808

5,913

6,091

4,481

5,928

5,738

6,078

4,669

4,641

3,425

3,025

4,893

Operating lease liabilities

3,340

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current maturities of capital lease obligations

-

-

-

-

-

-

72

72

72

72

72

72

72

72

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividend payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,549

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax payable

-

-

-

-

105

-

-

-

-

-

-

-

-

-

-

-

86

-

-

-

604

272

-

138

633

113

-

334

796

638

0

0

554

Line of credit note

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,000

-

-

-

-

-

-

Current maturities of long-term debt

-

747

174

1,740

1,153

614

153

1,535

1,075

614

153

1,382

822

231

0

202

202

3,702

6,202

2,452

202

202

202

202

202

202

202

202

202

202

202

202

202

Total current liabilities

7,990

6,902

6,128

6,827

6,553

6,981

7,408

7,564

7,791

8,246

8,736

7,827

7,389

8,333

8,894

8,543

6,328

10,352

14,084

13,755

8,765

8,168

8,415

9,315

7,093

7,857

9,493

9,633

8,016

7,105

5,473

4,726

6,897

DEFERRED INCOME TAXES

1,258

1,308

1,467

1,474

1,581

1,636

1,814

1,838

1,854

1,956

1,753

1,721

1,735

1,746

1,361

1,408

1,456

1,458

1,095

1,129

1,172

1,212

987

956

808

806

824

851

835

858

892

840

628

OPERATING LEASE LIABILITIES, noncurrent

3,427

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

LONG-TERM DEBT, net of current maturities

-

8,220

8,180

6,614

6,758

6,757

7,218

5,835

6,296

6,757

7,218

5,989

5,758

3,479

3,711

1,631

1,890

1,940

1,991

2,041

2,345

2,396

2,446

2,497

2,851

2,902

2,953

3,003

3,054

3,105

3,155

3,206

3,307

CAPITAL LEASE OBLIGATIONS, net of current maturities

-

-

-

-

-

-

-

-

-

-

72

72

72

79

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

COMMITMENTS AND CONTINGENCIES

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

STOCKHOLDERS’ EQUITY:
Preferred stock, $0.10 par value; 20,000,000 shares authorized; none issued or outstanding; attributes to be determined on issuance

0

0

0

0

0

-

0

0

0

0

0

0

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, $0.0024 par value; 25,000,000 shares authorized; 11,348,186 and 11,346,778 shares issued at 2019 and 2018, respectively; 8,934,024 and 9,060,561 shares outstanding at 2019 and 2018, respectively

27

27

27

27

27

27

27

27

27

26

27

27

27

27

27

27

27

26

26

26

26

26

26

26

26

26

26

26

26

26

26

26

26

Paid-in capital

7,344

7,158

6,907

6,883

6,860

6,831

6,797

6,762

6,413

6,368

6,324

6,281

6,212

6,168

6,129

6,090

6,052

6,013

5,993

5,921

5,892

5,892

5,892

5,779

5,773

5,767

5,751

5,746

5,741

5,736

5,736

5,729

5,703

Retained earnings

66,188

65,716

66,345

66,466

65,026

63,921

62,249

61,728

60,700

59,469

57,409

56,409

54,588

53,067

50,728

49,617

48,109

46,664

44,206

42,577

43,362

41,507

39,019

37,457

35,828

34,241

32,040

31,759

30,219

31,181

29,485

28,656

26,429

Treasury stock at cost (2,414,162 and 2,286,217 shares at 2019 and 2018, respectively)

12,646

11,931

11,273

11,273

10,819

10,278

10,278

10,278

10,278

10,278

10,278

10,278

9,473

6,602

6,602

2,894

2,894

2,894

2,894

2,894

2,894

2,894

2,894

2,894

2,894

2,894

2,894

2,894

2,894

2,894

2,894

2,894

2,894

Accumulated other comprehensive (loss)

-1,223

-1,510

-1,116

-1,234

-940

-962

-864

-1,234

-1,536

-1,893

-1,465

-1,432

-1,050

-1,687

-1,649

-854

-1,332

-688

-543

178

-41

88

290

17

190

378

456

282

474

382

296

623

496

Total stockholders’ equity

59,690

59,460

60,889

60,869

60,154

59,538

57,930

57,005

55,325

53,693

52,017

51,006

50,303

50,972

48,632

51,986

49,961

49,123

46,790

45,811

46,346

44,621

42,335

40,386

38,924

37,521

35,381

34,921

33,568

34,433

32,651

32,141

29,761

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

72,367

75,891

76,665

75,785

75,047

74,914

74,371

72,243

71,268

70,652

69,798

66,618

65,259

64,611

62,600

63,569

59,637

62,873

63,961

62,738

58,629

56,398

54,185

53,155

49,678

49,087

48,653

48,410

45,475

45,502

42,172

40,914

40,595